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The Really Useless Thread

  • #134,721
  • May 6, 2015 5:20pm May 6, 2015 5:20pm
Quoting Pharm0r
Bulls just closed it exactly one pip above, but it's a spinner w/ a HH WTF happens now? I don't know. Maybe Gator or Hatch does. One hasn't been here in the last week. I'm shopping for longs lower, a short here isn't a bad trade though. I suspect the daily and then the weekly will decide what to do with .13446
Quoting hoom
{quote} okey , I see that you have 1.2 in your charts ... well I don't have levels beyond 1.13 unless we clear this area - almost done with rejection of 1.10xx - my next reference is a daily close above 1.122x for an attempt to 1.137x [done] .. extension 1.145x .. else we're forming the top and the low of the range for next few days before the real swing low to 1.02xx occur . hoom.
Bull move didn't fade the way I expected ... thus we have two options : - another set of bad us numbers for the extension to 1.145x [exhaution leg]
- retreat from the highs & consolidate around 1.122x/1.128x waiting for NFP

H4
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hoom.
Get Rich or Die Tryin
  • #134,722
  • May 6, 2015 5:21pm May 6, 2015 5:21pm
Quoting MissPips
{quote} They probably won't take out those mids I posted in the post above on the first try (for sure not today). But I have this (the mofo here is in about the same location as the start of the weekly mids zone in the post above) and so far it's been acting real nice. {image}
Nice

That upper mofu trade would have been an automatic for me- especially since there's confluence with 1/4 retrace. I've got a small short running, but not that high up. If we push lower from here the decision @ 1014 will be a difficult one for me, as 1014 is the spring board for higher, but from here we aim for a LL on the monthly.
  • #134,723
  • May 6, 2015 6:49pm May 6, 2015 6:49pm
Quoting hoom
{quote} {quote} Bull move didn't fade the way I expected ... thus we have two options : - another set of bad us numbers for the extension to 1.145x [exhaution leg] - retreat from the highs & consolidate around 1.122x/1.128x waiting for NFP H4 {image} hoom.
option #2 please. The news tomorrow should be muted b/c of FOMC. Tuesday is/was pump day.
  • #134,724
  • May 6, 2015 8:54pm May 6, 2015 8:54pm
Quoting MissPips
{quote} They probably won't take out those mids I posted in the post above on the first try (for sure not today). But I have this (the mofo here is in about the same location as the start of the weekly mids zone in the post above) and so far it's been acting real nice. {image}
I like you guys, I post my levels here.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #134,725
  • May 6, 2015 11:18pm May 6, 2015 11:18pm
Quoting Mr. Scott
{quote} I like you guys, I post my levels here. {image} {image}
Sensing a little weakness on EURUSD...denied by roll over...

Perhaps a bit of a relax in the buying??
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #134,726
  • Edited 2:24am May 7, 2015 1:46am | Edited 2:24am
couple of levels I'm considering today are 120.28 in the yen, and 1.5385 in cable...for shorts...and 1.1222 for euro longs...

edit, me thinks 119.95 looks better in the yen...might also consider 118.77 in some capacity...


gl
Look Sharp/Trade Tight
  • #134,727
  • May 7, 2015 1:54am May 7, 2015 1:54am
Quoting Pharm0r
{quote} Nice That upper mofu trade would have been an automatic for me- especially since there's confluence with 1/4 retrace. I've got a small short running, but not that high up. If we push lower from here the decision @ 1014 will be a difficult one for me, as 1014 is the spring board for higher, but from here we aim for a LL on the monthly.
Norm's getting to be a real alcoholic. Half off here, rest b/e IMHO. That was the third try. Next time they might succeed.
  • #134,728
  • May 7, 2015 2:00am May 7, 2015 2:00am
Quoting Mr. Scott
{quote} I like you guys, I post my levels here. {image} {image}
Thanks Mr. Scott. I might only be an outcast, but much appreciated ...
Fix up, trade sharp ...
  • #134,729
  • May 7, 2015 3:34am May 7, 2015 3:34am
still waiting for that 11.746 level before considering EU shorts, 1.1500 would be nice

USDOLLAR D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #134,730
  • May 7, 2015 3:37am May 7, 2015 3:37am
Quoting PayTheLimit
and 1.5385 in cable...for shorts...and 1.1222 for euro longs... ... gl
Betting on a a hung parliament ?... The UK is in a self-inflicted quarantine and in a urgent NEED to overhaul its dated political system and especially the very mediocre politicians.

From a market point of view its stuck with a choice between ugly sisters. Either a coalition with Scottish Nationalist lead by a party (Labour) without a clear economic plan except taxing a few banks and rich people or a coalition lead by a party (Tories) hijacked by English Nationalist/populist right agenda in which the only plan is just budget cuts and offering isolating the UK from the rest of the world...

If the Tories win, we'll get 2 year of self-inflicted pain and uncertainty until the EU blah blah populist crap is clear, if Labour wins, we'll be at least a year until markets start seeing what is their actual economic plan ... and a hung parliament with mess, well just sell the pig and talk later ... gL mate

Very light calendar until NFP. For the euro all cards in the table, roll play and better fading highs [a shout to Rockerzeus from the conversation ystd] (1.138x) was the simple play for the opening range. Mini chop zone (1.138x / and the never ending this year 1.127x) in the making until tomorrow NFP...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,731
  • May 7, 2015 3:47am May 7, 2015 3:47am
They call these guys mofos for a reason. 19 hours.....
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  • #134,732
  • May 7, 2015 5:15am May 7, 2015 5:15am
Quoting MissPips
They call these guys mofos for a reason. 19 hours..... {image}
S/O on both my EU and JPY trades. Annoying..

Solves the 1/4 problem though.
  • #134,733
  • May 7, 2015 6:07am May 7, 2015 6:07am
Quoting Pharm0r
{quote} S/O on both my EU and JPY trades. Annoying.. Solves the 1/4 problem though.
Me too but I took half when it bounced at the mid and set the rest b/e (http://www.forexfactory.com/showthre...77#post8249277.)

It's why I trade so short term. This area's real tricky cuz yesterday closed above the 23 fib but it's right in a big cluster of weekly mids and it's just bouncing back and forth off them. It had an hour close above the mofu, but it's going to be hard to get through those mids.
  • #134,734
  • May 7, 2015 6:09am May 7, 2015 6:09am
Quoting Magix
{quote} Sensing a little weakness on EURUSD...denied by roll over... Perhaps a bit of a relax in the buying?? {image}
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #134,735
  • May 7, 2015 6:20am May 7, 2015 6:20am
Quoting MissPips
{quote} Me too but I took half when it bounced at the mid and set the rest b/e (http://www.forexfactory.com/showthre...77#post8249277.) It's why I trade so short term. This area's real tricky cuz yesterday closed above the 23 fib but it's right in a big cluster of weekly mids and it's just bouncing back and forth off them. It had an hour close above the mofu, but it's going to be hard to get through those mids.
For me the better trade is still waiting to long from lower. The 1/4 area was a good short if it worked, for hundreds of pips, instead I lost 20. Didn't work out, but answered some questions...I'm ok with that. That was one of about 4 shorts I'll try in the proceeding weeks/months. Unless we drop 300 pips today - which is obviously unlikely, I wont have a camel to ride on for NFP, so I imagine my week is pretty much over- at a loss. First one in 4 months, and first one since starting this method.....stings a bit honestly, but I guess 1 week in 16 aint so bad

wouldnt be the case if I didn't fu that damn AUD trade
  • #134,736
  • May 7, 2015 6:25am May 7, 2015 6:25am
Quoting Mr. Scott
{quote} {image}
Confirmation.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #134,737
  • Edited 6:40am May 7, 2015 6:29am | Edited 6:40am
Quoting Pharm0r
{quote} For me the better trade is still waiting to long from lower. The 1/4 area was a good short if it worked, for hundreds of pips, instead I lost 20. Didn't work out, but answered some questions...I'm ok with that. That was one of about 4 shorts I'll try in the proceeding weeks/months.
These green lines are the weekly mids. Where they cluster together is usually trouble (or good depending on your point of view - good if you want to short here, annoying if you are long and have to wait for it to chew through them.). What bothered me about the 25 short is that I put the standard fibs on my fib tool too. You had a strong hourly close above the 23, and it was a major swing so I figured that's what most people were watching. (Don't have that problem with the 75 if you are shorting cuz 76 is above it, which is good.)
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  • #134,738
  • May 7, 2015 6:51am May 7, 2015 6:51am
Quoting sisse
{quote}.... For the euro all cards in the table, roll play and better fading highs [a shout to Rockerzeus from the conversation ystd] (1.138x) was the simple play for the opening range. Mini chop zone (1.138x / and the never ending this year 1.127x) in the making until tomorrow NFP... sisse
As expected 1.138x held the session but more important a very interesting session across main markets with MACRO EARLY ALERTS triggered in major markets:

 

  1. Bonds in full control and leading the way. It has been a long time since we have them leading the way...and as we know when Bonds are in the driver sit .... big things are coming soon !!!.

    1. Knock knock,...who is there? ...key alerts of inflation expectations changing in Europe and hikes around the corner in the US. A small teaser of whats to come across the boards in the next 2 Quarters ...


  2. Dollar starting to form a hard mid term bottom with UBER important 94.xx holding. If we hold this month.... ufff the next macro leg is impulsive ....
  3. Equities obviously losing foot with the above combo but more importantly we are sitting right now on the last and KEY support (ES/S&P) for opening profit taking for the summer and withdrawal until hikes map is clear !!!!
  4. Oil a few ticks away to complete the first main swing leg target at $63.xx (I personally clearing all in the next sessions ....) which will align commodities in general with the rally in dollar....
    Quoting sisse
    {quote} ...l. A break to $59.xx will carry lots of momentum and opens clean sweep to the top side to $67.xx with intermediate stop $63.xx.... sisse
  5. and finally GOLD which is aligning flawlessly with the all key markets and is a dozen points away (117x..xx) of last major support (which I am personally planning to trade) ...a W break below will open sub $1000 !!! for the next major swing leg

Super important sessions in play in the next few days.... for those interesting on macro analysis and seeing the market from a broader and more investor/macro trader perceptive NOW is the time not necessarily trade if you don't know what to look for but to pay attention and learn ...we have these circumstances only once every year or couple of years so !!!...

GL all but macro moves in the making....

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,739
  • May 7, 2015 6:59am May 7, 2015 6:59am
Quoting MissPips
{quote} These green lines are the weekly mids. Where they cluster together is usually trouble (or good depending on your point of view - good if you want to short here, annoying if you are long and have to wait for it to chew through them.). What bothered me about the 25 short is that I put the standard fibs on my fib tool too. You had a strong hourly close above the 23, and it was a major swing so I figured that's what most people were watching. (Don't have that problem with the 75 if you are shorting cuz 76 is above it, which is good.) {image}...
I think i just went cross-eyed. Haha, I can't follow so many at once. I'm an idiot waiting for it to rain. When I have a close or a touch I can go from there. "areas" of s & d just confuse me and clutter my charts. For example on your charts, 1.13691 and the red line we are at now (above the black 13325) is what my eyes are immediately drawn to, because of the exact touches. Often, after an exact touch one can trade the direction with the stop being a pip or 10 above the touch, perhaps a close needed instead.

I understand what you are saying 100%, and your reasoning behind it- I'm just saying my perspective only. According to Magix and Scott we are still due to head south.....and I feel they are right....perhaps you and I were just too early, or stops too close. I can only trade what I see and what I understand, with the RR that's acceptable. See you laters

thanks for the charts- as always
  • #134,740
  • May 7, 2015 7:01am May 7, 2015 7:01am
Quoting sisse
{quote} .... for those interesting on macro analysis and seeing the market from a broader and more investor/macro trader perceptive NOW is the time not necessarily trade if you don't know what to look for but to pay attention and learn ...we have these circumstances only once every year or couple of years so !!!... GL all but macro moves in the making.... sisse
No trades here- I'm all ears, and eyes! Keep it comin' I'll try to keep up
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